The Company: This company manufactures blast resistant and concrete modular buildings for oil and gas, solar, government, fiber regeneration and telecom applications.
The Issue: This company recently emerged from a joint-venture that wasn’t working. They had also received several large, new orders that needed to be fulfilled. With a convoluted background and history of the business and its ownership, combined with the financial challenges in a business that has large overhead expense needs, traditional bank financing was not an option. The company needed a finance company that could get comfortable with their history. They also needed a funding partner who could help finance their production of these large orders.
The Solution: Allied was able to put together a financing package that helped this company meet all of their needs through a $2,500,000 receivables facility, inclusive of milestone billing.
The Win: This Funding By Allied gave a relaunch of an old business the capital they needed to get new orders completed and grow the company.